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Karnataka launches ₹1,000 cr LEAP scheme to boost innovation across state
Karnataka government's department of Electronics, IT, and BT on Monday unveiled a Rs 1,000 crore "LEAP" programme to drive innovation across the state, catalysing growth beyond Bengaluru. Designed to catalyse innovation, LEAP (Local Economy Accelerator Programme) intends to create five lakh jobs, and build robust startup ecosystems across Karnataka, beyond the state capital, it said. "With an ambitious outlay of Rs 1,000 crore over five years, LEAP represents a strategic and holistic commitment to fostering innovation, democratising opportunity, and driving equitable economic growth across the entire state," the department said in a statement. According to the department, while Bengaluru is a globally celebrated technology hub, ranking at number 10 worldwide in the StartupBlink 2025 index and at 14 globally in the Startup Genome 2025 report, LEAP as an initiative is about holistic, statewide development. "The Government of Karnataka's vision for the next phase of transformation is
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IT governance rules: RBI releases draft guidelines for regulated entities
The framework will specify the role and responsibilities of the board of directors and the senior management of the entity.
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IT, biz services market likely to grow 8%, reach $14.3 bn by 2020: IDC
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IT margin pressure likely till 2019-20, says report
Indian infotech companies have increased onsite investments and expanded onsite delivery centres
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Top US university lays off IT workers in San Fran, outsources jobs to India
The university announced the plan last July as a way to save $30 million over five years
India has five years to build strong research led IT: K S Viswanathan
Interview with the vice president, Industry Initiatives at Nasscom
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Over 70% rural citizens have adopted e-wallets: IT Ministry
Over 55,000 merchants have started offering digital payment options to rural customers across various districts, blocks
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IT growth rate to rebound in three quarters: Nasscom
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IT firms get stricter on staff performance
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IT industry may see marginal dip in hiring in 2016-17
About 60-70% need re-skilling by 2025; in long term sector may require 2 mn people to add $100 bn revenue
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IT spending to remain flat in 2016 globally: Gartner
Data centre systems' spending is projected to reach $174 billion in 2016 - a 2% increase from 2015
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Government IT spending to grow to $7 billion in 2016: Gartner
It includes spending on internal services, software, IT services, data centre, devices and telecom services
Gross hiring in top IT cos in FY17 may fall on lower attrition: Report
According to the Kotak Institutional Equities' report, the current attrition level is close to benign level at 13-15%
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Infosys co-founder launches app chronicling Indian IT journey
The app follows the installation of the country's first modern computer in 1955 to crystal gazing on Indian IT in 2040
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